XML 54 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 25, 2013
Dec. 26, 2012
Dec. 28, 2011
Cash flows from operating activities:      
Net income $ 24,572 $ 22,309 $ 112,287
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 21,501 22,304 27,979
Operating (gains), losses and other charges, net 7,071 482 2,102
Amortization of deferred financing costs 497 775 1,374
Amortization of debt discount 0 137 547
Loss on early extinguishment of debt 2,226 8,290 2,589
Loss on change in the fair value of interest rate cap 42 61 0
Deferred income tax expense 9,100 11,423 3,223
Reversal of tax valuation allowance (420) (661) (89,102)
Share-based compensation 4,852 3,496 4,219
Decrease (increase) in assets:      
Receivables 116 (1,740) 2,232
Inventories 9 548 598
Other current assets 984 2,820 (1,112)
Other assets (2,110) (3,172) 405
Increase (decrease) in liabilities:      
Accounts payable (5,520) (1,217) 2,042
Accrued salaries and vacations (2,545) 2,279 934
Accrued taxes 101 (747) (620)
Other accrued liabilities (746) (4,420) (4,687)
Other noncurrent liabilities and deferred credits (2,688) (3,763) (5,501)
Net cash flows provided by operating activities 57,042 59,204 59,509
Cash flows from investing activities:      
Capital expenditures (16,818) (14,164) (16,089)
Acquisition of restaurants and real estate (3,980) (1,422) 0
Proceeds from disposition of property 1,582 15,555 8,598
Collections on notes receivable 4,779 1,970 1,347
Issuance of notes receivable (2,033) (5,440) 0
Purchase of trademarks 0 0 (1,553)
Net cash flows used in investing activities (16,470) (3,501) (7,697)
Cash flows from financing activities:      
Net revolver borrowings under new credit agreement 95,250 0 0
Term loan borrowings under new credit agreement 60,000 190,000 0
Long-term debt payments (176,729) (222,741) (46,253)
Debt transaction costs (366) (1,097) (839)
Deferred financing costs (1,374) (1,809) (3,421)
Purchase of treasury stock (25,039) (21,618) (21,569)
Proceeds from exercise of stock options 2,955 2,180 4,850
Tax withholding on share-based payments (796) (327) (377)
Tax (expense) benefit for share-based compensation (387) 1,010 670
Net bank overdrafts (4,708) (1,476) (207)
Net cash flows used in financing activities (51,194) (55,878) (67,146)
Increase (decrease) in cash and cash equivalents (10,622) (175) (15,334)
Cash and cash equivalents at beginning of period 13,565 13,740 29,074
Cash and cash equivalents at end of period $ 2,943 $ 13,565 $ 13,740